Rate Budget Car Rental
Our Factsheet
Growing the business since 1958
In Summary: Day after day, Budget employees and operators at approximately 2,700 locations in more than 120 countries help support our vision, mission and values.
Quick History
Budget Rent A Car was founded by Morris Mirkin in 1958 with a $24,000 investment. The company name was chosen to appeal to the “budget-minded” or “value-conscious” renter. In 1959, in an effort to grow the business, Mirkin appealed to a distant relative, Jules Lederer, president of a Chicago-based manufacturer of writing instruments, for additional financing. Lederer formed a leasing company and leased new vehicles to Mirkin. In 1960, Lederer formed Budget Rent A Car Corporation in Chicago. The company then grew rapidly, both nationally and internationally.
In 1986, Gibbons, Green and van Amerongen Ltd. along with management and selected investors purchased Budget from Transamerica Corp. in a LBO transaction. Budget made an initial public offering of 3.2 million shares in 1987.
In 1992, Budget moved downtown Chicago headquarters to Lisle, Ill.
In April 1997, Budget was bought by Team Rental Group, Budget’s largest franchisee in the United States and changed its name to Budget Group, Inc. Budget Group began trading on the NYSE that year.
In 1997, Budget unveiled “Unlimited Budget” a travel agent loyalty program through which members receive a free Unlimited Budget debit MasterCard card and earn points (dollars) for completed bookings.
In 1998, Budget introduced “Fastbreak,” Budget’s express service with paperless transaction.
In 2002, Budget Group was delisted from the NYSE and sold Budget Rent A Car assets in the United States, Canada, Latin America, Caribbean, Australia and New Zealand to Cendant Corporation. Other worldwide assets were sold to Avis Europe, Plc. Later, Cendant moved Budget headquarters from Lisle, Ill. to Parsippany, N.J.
In 2006, Cendant Corporation separated into four independent companies: Realogy, Wyndham Worldwide, Travelport and Avis Budget Group, Inc. As a result, Budget Rent A Car System, Inc. is now a subsidiary of Avis Budget Group.
In 2011, Avis Budget Group, Inc. acquired Avis Europe plc. The transaction re-unites Avis Budget Group with its licensee for Europe, the Middle East, Africa and Asia.
About this location:
Location
Central Phoenix
Additional Travel Information
Phoenix is the capital of Arizona, and it is also the largest and the most populous city in the state. Thanks to its bustling economy and subtropical desert climate, it has seen continuous growth for over 40 years. Considered the cultural heart of the Valley of the Sun, it boasts a rich history, a variety of geographical points of interest and nearly endless cultural attractions. Whether you want to explore the Sonoran Desert and look for jackrabbits and bobcats or take in a show at the Orpheum Theatre, the easiest way to get around is in a rental car from Budget on East Indian School Road.There is a number of advantages to picking up your rental from Budget Rent a Car on East Indian School Road. In addition to a wide selection of rental cars, including coupes and sedans ranging from economy to full-size, you can also rent SUVs. If you register for Fastbreak, you can skip the line at the East Indian School Road Phoenix location and be out the door and into your rental in just minutes. East Indian School Road is located near the heart of Phoenix, and it is just a few miles away from the intersection of Interstate 10 and Interstate 17. For an outdoor adventure, head north to the Phoenix Mountains Preserve or head northwest to the Thunderbird Conservation Park. If you’re interested in some cultural offerings, you’ll want to be sure to spend some time at the Pueblo Grande Museum and Cultural Park and the Musical Instrument Museum, which boasts the largest collection of instruments in the world.When visiting Phoenix, be sure to book with Budget car rental on East Indian School Road. On top of already-affordable rental rates, if you choose to pay in advance for your rental, you could save up to 35 percent.
Additional Location Information
Select from a wide variety of vehicles at Budget Central Phoenix, check out the latest Central Phoenix Car Rental Deals, and be confident that you are getting the best rental rates in Arizona !
Book a Car Rental at Central Phoenix in 60 seconds!
Own or work here?
Nearby Businesses
